Descartes releases report on global shipping crisis: Record import volumes but reduced port congestion in April
Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, released its April report on the ongoing global shipping crisis…
Russian billionaires’ challenges to EU sanctions mount up
A high profile Russian billionaire mounted a fresh challenge to strike down strict European Union sanctions imposed on him in response to Russia’s invasion of…
EU eases mask guidance for flights as airlines drop Covid rules
The European Union is relaxing its guidance for mask wearing on flights starting next week even as many airlines have already abandoned those rules with…
SnapFulfil client gets hands-on for quicker, slicker multi-site implementation
A leading online farmer-to-farmer and Ag tech company has fast-tracked its expansion plans thanks to a tailored ‘Self Implementation’ program from WMS provider, SnapFulfil, that…
Gazprom’s oil arm early pond payment to hand bargain hunters easy win
Gazprom Neft PJSC, the oil arm of Russia’s state-controlled energy giant Gazprom, will repay $3 billion of bonds early after sanctions imposed by the European…
March 2022 freight transportation services index (TSI)
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.7% in March from…
US Department of Commerce and Malaysian Ministry of International Trade and Industry sign MOC to strengthen semiconductor supply chain resiliency
Yesterday, Secretary Raimondo and Malaysia’s Senior Minister for International Trade and Industry, Mohamed Azmin Ali met and signed the U.S.-Malaysia Memorandum of Cooperation (MOC) on…
Cathay cash burn improves as Hong Kong starts easing Covid curbs
Cathay Pacific Airways Ltd. expects cash burn to drop to less than HK$500 million ($64 million) a month within “the next few months” as Hong…
Sale of Suezmax tanker Stena Supreme
Concordia Maritime has entered into an agreement for the sale of the Suezmax tanker Stena Supreme (158,000 dwt, built in 2012). Delivery is expected in…
Simpson Spence Young announces next Senior Partner
Simpson Spence Young (SSY) has today confirmed that Head of Dry Cargo, Stanko Jekov, will be taking over as Senior Partner following Mark Richardson's announcement…
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